Triasima Portfolio Management inc. Has $9.87 Million Position in Millicom International Cellular SA $TIGO

Triasima Portfolio Management inc. increased its holdings in shares of Millicom International Cellular SA (NASDAQ:TIGO) by 122.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 203,420 shares of the technology company’s stock after buying an additional 111,915 shares during the period. Millicom International Cellular comprises approximately 1.5% of Triasima Portfolio Management inc.’s portfolio, making the stock its 15th largest position. Triasima Portfolio Management inc.’s holdings in Millicom International Cellular were worth $9,874,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of TIGO. Harbor Capital Advisors Inc. acquired a new stake in Millicom International Cellular during the 3rd quarter valued at approximately $26,000. Alpine Bank Wealth Management bought a new stake in Millicom International Cellular in the 3rd quarter valued at about $28,000. USA Financial Formulas bought a new position in shares of Millicom International Cellular in the second quarter valued at $30,000. CWM LLC purchased a new stake in shares of Millicom International Cellular in the third quarter worth approximately $42,000. Finally, Farther Finance Advisors LLC boosted its holdings in Millicom International Cellular by 332.5% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,025 shares of the technology company’s stock worth $50,000 after acquiring an additional 788 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. UBS Group upgraded shares of Millicom International Cellular from a “neutral” rating to a “buy” rating and boosted their target price for the company from $49.00 to $70.00 in a research note on Thursday, January 15th. Zacks Research cut shares of Millicom International Cellular from a “strong-buy” rating to a “hold” rating in a research note on Friday. Weiss Ratings restated a “buy (b)” rating on shares of Millicom International Cellular in a research note on Wednesday, October 8th. Scotiabank increased their target price on Millicom International Cellular from $46.10 to $46.80 and gave the company a “sector perform” rating in a research note on Friday, November 7th. Finally, Wall Street Zen raised shares of Millicom International Cellular from a “buy” rating to a “strong-buy” rating in a research note on Saturday, October 11th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $46.97.

Millicom International Cellular Stock Performance

Millicom International Cellular stock opened at $58.06 on Tuesday. Millicom International Cellular SA has a fifty-two week low of $25.50 and a fifty-two week high of $58.85. The stock has a market cap of $9.99 billion, a price-to-earnings ratio of 8.89 and a beta of 0.94. The stock’s 50 day simple moving average is $53.26 and its two-hundred day simple moving average is $48.02. The company has a debt-to-equity ratio of 1.76, a quick ratio of 0.91 and a current ratio of 0.93.

Millicom International Cellular (NASDAQ:TIGO) last announced its earnings results on Thursday, November 6th. The technology company reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.21). The business had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.40 billion. Millicom International Cellular had a net margin of 19.58% and a return on equity of 10.81%. The business’s revenue was down .8% on a year-over-year basis. As a group, analysts expect that Millicom International Cellular SA will post 1.91 earnings per share for the current fiscal year.

Millicom International Cellular Company Profile

Millicom International Cellular SA, trading under the TIGO brand, is a Luxembourg‐headquartered telecommunications and media company that provides a range of mobile, cable broadband, digital television and enterprise services. Through its integrated infrastructure, the company delivers voice and data connectivity, high‐speed internet access and pay‐television packages to millions of customers, supported by ongoing investments in network coverage and capacity.

Established in 1990 by Swedish investor Jan Stenbeck, Millicom has grown into a multi‐regional operator focused primarily on Central and South America.